Published on:

Engagement ring

One question I get quite frequently is whether or not an engagement ring is considered a marital asset.

In order to answer this question you need to know what a marital asset is. A marital asset is any asset acquired during the marriage. An engagement ring is generally a gift that is received prior to a marriage, therefore engagement rings are nonmarital, separate property of the recipient spouse.

A distinction should be made between gifts of jewelry that are made between the parties during the marriage. These items are considered interspousal gifts, and interspousal gifts are treated as marital assets.

Any jewelry that is received as a gift during the marriage from someone other than your spouse is considered your own separate property. For example, if you were to receive a ring that has been in the family for many generations, that would be considered a separate gift and your own separate property.